Boston Partners Correlations

BPLEX Fund

USD 12.28 0.08 0.66%

The current 90-days correlation between Boston Partners Longshort and Aqr Managed Futures is 0.48 (i.e., Very weak diversification). The correlation of Boston Partners is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Boston Partners Correlation With Market

Poor diversification

The correlation between Boston Partners Longshort and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boston Partners Longshort and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boston Partners Longshort. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Boston Mutual Fund

0.89	OPTCX	Rbb Fund	Pair Corr
0.91	BPAVX	Boston Partners All	Pair Corr
0.91	BPAIX	Boston Partners All	Pair Corr
0.85	WPGTX	Wpg Partners Smallmicro	Pair Corr
0.74	WPGSX	Rbb Fund	Pair Corr
0.94	BPIRX	Boston Partners Longshort	Pair Corr
0.9	BPLSX	Boston Partners Longshort	Pair Corr
0.94	BPRRX	Boston Partners Longshort	Pair Corr
0.83	BPSIX	Boston Partners Small	Pair Corr
0.83	BPSCX	Boston Partners Small	Pair Corr
0.86	NLSCX	Neuberger Berman Long	Pair Corr
0.87	NLSAX	Neuberger Berman Long	Pair Corr
0.87	NLSIX	Neuberger Berman Long	Pair Corr
0.72	QLERX	Aqr Long Short	Pair Corr
0.92	ASLAX	Ab Select Longshort	Pair Corr
0.73	LETRX	Voya Russia Fund	Pair Corr
0.77	KMKAX	Kinetics Market Oppo Steady Growth	Pair Corr
0.79	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.78	SMPSX	Semiconductor Ultrasector	Pair Corr
0.8	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.8	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.78	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.77	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.78	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.78	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.84	VIGAX	Vanguard Growth Index	Pair Corr
0.92	INDEX	Sp 500 Equal	Pair Corr
0.88	LTFOX	Lord Abbett Affiliated	Pair Corr
0.91	VTSAX	Vanguard Total Stock	Pair Corr
0.88	VWELX	Vanguard Wellington	Pair Corr

Moving against Boston Mutual Fund

0.82	BGLSX	Boston Partners Global	Pair Corr
0.82	BGRSX	Boston Partners Global	Pair Corr

Related Correlations Analysis

	AQMIX	NLSIX	ASFYX	MFLDX	DHLSX
AQMIX		0.5	0.39	0.45	0.09	AQMIX
NLSIX	0.5		-0.48	0.97	0.1	NLSIX
ASFYX	0.39	-0.48		-0.46	0.21	ASFYX
MFLDX	0.45	0.97	-0.46		0.08	MFLDX
DHLSX	0.09	0.1	0.21	0.08		DHLSX
	AQMIX	NLSIX	ASFYX	MFLDX	DHLSX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MFLDX	+ 0.97	NLSIX
NLSIX	+ 0.5	AQMIX
MFLDX	+ 0.45	AQMIX
ASFYX	+ 0.39	AQMIX
DHLSX	+ 0.21	ASFYX
DHLSX	+ 0.1	NLSIX

High negative correlations

ASFYX	- 0.48	NLSIX
MFLDX	- 0.46	ASFYX

Risk-Adjusted Indicators

There is a big difference between Boston Mutual Fund performing well and Boston Partners Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Boston Partners' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AQMIX	0.37	0.01	(0.15)	0.14	0.38	(0.38)	0.81	(0.71)	1.77
NLSIX	0.21	0.02	(0.32)	(1.05)	0.25	(0.22)	0.44	(0.54)	1.19
ASFYX	0.40	(0.06)	0.00	(0.03)	0.00	0.00	0.70	(0.90)	2.29
MFLDX	0.46	0.04	(0.11)	(2.11)	0.59	(0.48)	0.91	(1.19)	4.06
DHLSX	0.33	(0.07)	0.00	(0.07)	0.00	0.00	0.70	(0.74)	2.22

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